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I made my student checking account when I was under 16 and I am now 19. If it was closed due to an outstanding balance, does that effect the parent that helped me open the account? And what effect does it take on them if there is one?
Maya, New York City
January 11, 2019 09:51:45 AM
3 people recommended this |
In reply to Maya, New York City
We understand your concern, Maya, and we'd be glad to shed some light on the situation.
When an account is closed due to an overdraft balance, it is closed with the owed balance and turned over to our Recovery Department for handling. After this occurs, it is the responsibility of the account holder to resolve this balance.
As you've mentioned that your account was a joint account, it would be the responsibility of both parties to resolve this debt. If left unresolved, both account holders may notice this debt on their credit report as well as have difficulty opening an account at another financial institution.
We recommend reaching out to our Recovery Specialists at 800-354-9769. They are available Monday through Thursday from 8:00am – 7:00pm and Friday from 8:00am-6:00pm. You're also able to visit any TD Store during lobby hours to discuss a closed account. Take a look at TD Stores and their hours here: https://go.td.com/1nq31dc.
We hope to hear from you soon, Maya. Have a good morning!
Megan K, Mount Laurel
January 11, 2019 09:52:17 AM